Nine Hospitality Investments purchases Swansea's Dragon Hotel

In Swansea, Wales, the Dragon Hotel has been sold to Nine Hospitality Investments in a multi-million pound deal. The Kingsway business had an asking price of some £4.75 million.

Simon Stevens of Christie & Co., the firm that handled the sale, told the South Wales Evening Post that "a number" of potential buyers had been interested in the property, and that the new owners were looking to "reposition" the hotel.

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Nine Hospitality Investments already own Holiday Inn hotels in Watford, Kent, Rotherham and Birmingham along with Ibis hotels in Coventry and Birmingham, and the Novotel in Heathrow.